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Tesla to Build Electric Sedan in California; State Introduces New Incentive for ZEV Manufacturers

Posted on June 30, 2008

Enticed partly by a new package of incentives, Tesla Motors has decided to build the assembly plant for its upcoming electric sedan in California at a still-to-be-determined site in the San Francisco Bay Area rather than in New Mexico as it had earlier announced. (Earlier post.)California Governor Arnold Schwarzenegger, Treasurer Bill Lockyer and Tesla CEO Ze'ev Drori made the announcement at a press conference today at Tesla Motors headquarters in San Carlos, California. Tesla's upcoming Model S (earlier named White Star ), will be a $60,000 car, said Tesla Chairman Elon Musk at the pres...

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